Tag: Vedanta

The Andhra Pradesh government has granted a conditional No Objection Certificate (NOC) to Vedanta Ltd for drilling 20 onshore oil and gas wells in Krishna district. The clearance has been issued to Cairn Oil & Gas, Vedanta’s oil and gas arm, under the Centre’s Discovered Small Field (DSF) Policy, which aims to boost domestic energy production.

Vedanta had originally proposed drilling at 35 locations in the region. However, after detailed scrutiny by the state’s irrigation and water resources departments, approval was limited to 20 sites. Officials said the decision was taken to ensure that oil and gas exploration does not affect the Krishna Delta’s extensive irrigation network, which supports thousands of farmers.

The NOC comes with strict safeguards. Vedanta has been clearly instructed not to draw water from canals, reservoirs, drainage systems, ponds or any other irrigation-linked water bodies for its drilling activities. Authorities have underlined that protecting water availability for agriculture remains a top priority, especially in canal-fed areas like Krishna district.

The state government also clarified that this NOC is only related to irrigation concerns. Vedanta must still obtain all other mandatory approvals, including environmental clearances, pollution control permissions and local administrative consents, before starting drilling operations. Any violation of the conditions could lead to withdrawal of the approval, officials warned.

The move reflects Andhra Pradesh’s effort to strike a balance between supporting energy exploration and safeguarding critical natural resources. Onshore oil and gas blocks developed under the DSF policy are seen as quicker and more economical to develop compared to offshore fields. They also align with India’s broader objective of reducing dependence on imported crude oil and gas.

Vedanta’s Cairn Oil & Gas is one of India’s largest private-sector oil producers and plays a significant role in domestic energy supply. With the conditional clearance now in place, the company can move forward with preparatory work, while closely adhering to the safeguards laid down by the state.

The government has said it will closely monitor the project to ensure compliance and protect the interests of farmers and local communities as exploration progresses.

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Vedanta Ltd has received approval from the National Company Law Tribunal (NCLT) for its long-awaited demerger plan, marking a significant milestone in the company’s corporate restructuring. The Mumbai bench of NCLT sanctioned the scheme under company law, paving the way for Vedanta to split its diversified operations into sector-focused entities.

As per the approved plan, Vedanta will separate its operations into distinct businesses covering aluminium, oil & gas, power, and iron & steel. The parent company will retain its core metals like zinc and silver and act as an incubator for new ventures. The move is expected to help each unit focus on its specific operations and improve overall efficiency and shareholder value.

The demerger proposal had faced scrutiny, including queries from the Ministry of Petroleum and Natural Gas over asset disclosures and financial risks. However, the tribunal concluded that the scheme meets all legal and regulatory requirements, giving the green light to the corporate split.

Following the approval, Vedanta shares surged 4% to ₹405, reaching a 52-week high. Market analysts say the stock rally reflects positive investor sentiment, as the demerger is seen as a step toward unlocking value and improving transparency in the company’s diversified business portfolio.

The company is now set to implement the demerger over the coming months, subject to further regulatory and procedural approvals. Industry experts believe the move will make Vedanta’s operations more agile and competitive, while providing clearer visibility for investors.

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Shares of Vedanta Ltd surged to a record high of ₹551.50 on December 15, 2025, marking the first time the stock crossed the ₹550 mark. The stock gained around 1.5% from its previous close of ₹543.55, reflecting strong buying interest.

The company’s market capitalization rose above ₹2.15 lakh crore, highlighting growing investor confidence. Trading volumes were robust, with over 4 lakh shares changing hands and turnover crossing ₹23 crore.

Analysts point to strong technical indicators supporting the rally. The stock is trading above both short‑ and long‑term moving averages, and the RSI suggests it is not overbought, signaling further room for growth.

Brokerage firms remain bullish. Nuvama has set a target price of ₹686, citing expected earnings growth and lower debt, while Emkay Global recommends the stock with a ₹625 target. Market experts say that sustaining a close above the ₹553 resistance level could push Vedanta toward ₹589 in the near term.

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